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TEPPCO PARTNERS, L.P. REPORTS THIRD QUARTER RESULTS OF OPERATIONS

 TEPPCO PARTNERS, L.P. REPORTS THIRD QUARTER RESULTS OF OPERATIONS
 HOUSTON, Oct. 16 /PRNewswire/ -- TEPPCO Partners, L.P. (NYSE: TPP) today reported third quarter 1992 net income of $1.5 million, or $0.10 per unit, compared with net income of $5.6 million, or $0.38 per unit, for the same period in 1991.
 Operating revenues of $36.1 million for the quarter were $3.8 million less than the $39.9 million reported for the 1991 period. The net decrease in revenues is primarily due to decreased product sales and lower deliveries of liquefied petroleum gases (LPGs), reflecting continued unfavorable Gulf Coast/Midwest product price differentials. These revenue decreases were offset somewhat by increased shuttle deliveries at Mont Belvieu, Texas, and higher terminal and storage activity.
 Third quarter 1992 operating expenses of $20.0 million were $1.1 million lower than the comparable prior-year period primarily because of continued cost containment measures and lower power costs due to decreased pipeline deliveries.
 Net income for the nine months ended Sept. 30, 1992, was $11.5 million, or $0.78 per unit, compared with 1991 net income of $12.5 million, or $0.85 per unit, for the same period.
 Operating revenues of $114.4 million for the nine months ended September 30, 1992, were $3.7 million lower than the $118.1 million reported for the comparable 1991 period. The revenue reduction reflects a significantly lower level of product sales in 1992, compared with the prior period and lower refined products and LPGs deliveries. Deliveries declined due to recession-related lower demand and unfavorable Gulf Coast/Midwest product price differentials. Partially offsetting these declines were current-year benefits of increased shuttle, storage and terminal revenues, greater long-haul versus short-haul deliveries of LPGs and general tariff increases for both refined products and LPGs.
 Operating expenses of $60.0 million for the nine months ended Sept. 30, 1992, were $5.9 million less than the same period in 1991. The factors impacting year-to-date expenses include improvements in product measurement, cost-containment measures and lower power costs.
 Other income-net for both the three- and nine-month periods ended Sept. 30, 1992, reflects decreased interest income due to lower 1992 interest rates.
 TEPPCO Partners, L.P. is a publicly owned master limited partnership. TE Products Pipeline Company, Limited Partnership, the operating partnership, is one of the largest common carrier pipelines of refined petroleum products and LPGs in the United States.
 TEPPCO PARTNERS, L.P.
 Financial Highlights


(Unaudited - In Millions, Except Per Unit and Per Barrel Amounts)
 Periods ended Three months Nine months
 Sept. 30 1992 1991 1992 1991
 Operating Revenues $36.1 $39.9 $114.4 $118.1
 Operating Expenses 20.0 21.1 60.0 65.9
 Depreciation 5.9 5.3 17.6 15.6
 Operating Income 10.2 13.5 36.8 36.6
 Interest Expense (9.4) (9.4) (28.0) (28.0)
 Other Income-Net 0.7 1.5 2.7 3.9
 Net Income $ 1.5 $ 5.6 $ 11.5 $ 12.5
 Net Income Per Unit $0.10 $0.38 $0.78 $0.85
 Number of Units 14.5 14.5 14.5 14.5
 OPERATING DATA
 Barrels Delivered
 Refined Products 22.4 23.3 64.2 67.9
 LPGs 5.4 6.7 21.4 24.2
 Mont Belvieu Operations 6.9 5.2 20.0 15.5
 TOTAL 34.7 35.2 105.6 107.6
 Average Tariff Per Barrel
 Refined Products $0.80 $0.77 $0.79 $0.76
 LPGs 1.58 1.61 1.70 1.53
 Mont Belvieu Operations 0.16 0.13 0.16 0.15
 Average System Tariff
 Per Barrel $0.79 $0.83 $0.86 $0.84
 -0- 10/16/92
 /CONTACT: William G. Nikolis, 713-759-3861, or Eric W. Thode, 713-759-3635; Brenda J. Peters (investors), 713-759-3954, all of TEPPCO Partners, L.P./
 (TPP) CO: TEPPCO Partners, L.P. ST: Texas IN: OIL SU: ERN


SH -- NY060 -- 1065 10/16/92 15:21 EDT
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Date:Oct 16, 1992
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